The South Korean won hit a two-year high against the dollar on Tuesday, helped by signals that the economy continued to gain momentum.

The currency’s appreciation continues a trend that has been in effect since late June. The won hit 1052.50 won on Tuesday compared with 1056 Friday and 1161.09 on June 24, which was a one-year low. Read More »

After foreign investors sought better returns elsewhere in the early summer, they are returning to South Korea thanks to a few factors that set it apart from other Asian investment destinations. Among Korea’s main strengths are its current-account surplus and its currency, which is seen as robust to rising interest rates in the U.S. Read More »